http://smallbusiness.blogs.cnnmoney.cnn.com/2007/12/19/a-road-map-for-aspiring-franchisers/ Editors from FSB magazine answer your pressing small-business questions. Tue, 15 Dec 2009 12:52:55 +0000 http://wordpress.com/ hourly 1 http://smallbusiness.blogs.cnnmoney.cnn.com/2007/12/19/a-road-map-for-aspiring-franchisers/#comment-258 Joel Libava,Cleveland, Ohio Thu, 20 Dec 2007 04:04:29 +0000 http://askfsb.blogs.fsb.cnn.com/2007/12/19/a-road-map-for-aspiring-franchisers/#comment-258 I am a franchise consultant who helps others find franchises to own.At this juncture, if you want to franchise your business, you will need to have something about your concept that is so different, and so unique, that folks will just have to see it to believe it. The fitness space is really crowded.Don't be discouraged. But be different! Joel Libava President of Franchise Selection Specialists Inc. I am a franchise consultant who helps others find franchises to own.At this juncture, if you want to franchise your business, you will need to have something about your concept that is so different, and so unique, that folks will just have to see it to believe it. The fitness space is really crowded.Don't be discouraged. But be different!
Joel Libava
President of Franchise Selection Specialists Inc.

]]> http://smallbusiness.blogs.cnnmoney.cnn.com/2007/12/19/a-road-map-for-aspiring-franchisers/#comment-257 John, Chicago, IL Wed, 19 Dec 2007 23:54:46 +0000 http://askfsb.blogs.fsb.cnn.com/2007/12/19/a-road-map-for-aspiring-franchisers/#comment-257 I started a fitness franchise in Brazil in 2005, for which we have sold 22 franchises to date. It's important to remember that, when you launch a franchise company, you are starting a second business entirely from the one you are franchising. You must be financially prepared to support additional costs for an indefinite period of time, and to handle the different responsibilities and problems inherent with franchising. Were I to do it over again, I would focus on opening company-owned sites exclusively, and I would seek investment capital for that purpose. Franchising is not a money-making proposition in the fitness industry unless you can grow to a significant scale. I started a fitness franchise in Brazil in 2005, for which we have sold 22 franchises to date. It's important to remember that, when you launch a franchise company, you are starting a second business entirely from the one you are franchising. You must be financially prepared to support additional costs for an indefinite period of time, and to handle the different responsibilities and problems inherent with franchising. Were I to do it over again, I would focus on opening company-owned sites exclusively, and I would seek investment capital for that purpose. Franchising is not a money-making proposition in the fitness industry unless you can grow to a significant scale.

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